New profitable System - Sidus

Quoting azhotpipper

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I mostly use the 1 hour time frame. Since reading some of the other posts I have been looking at the 5 & 12 EMAs and RSI for entry. For this I use the 30 minute time interval. Then I still use the 1 hour time period with the original 5 & 8 WMAs for watching after that.
I also have the 4xmadeeasy software which I still look at ocassionally for confirmation. But it doesn't really seem like I need it when I am trading this system.

And just FYI, since I posted that I have had some negative trades, but still winning much more than I'm losing.

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Quoting bagovino

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Hi Guys,

I just wanted to point out an observation I've made while studying this method over the past couple of weeks....

When the market is trending, there is no doubt that the Sidus method will be very profitable. However, on a week such as this past one where the market was in a range and not really trending one way or another this method is inaffective. You either stay out of the trades because there is no clear signal or you want to trade so bad that you take a trade on a wishy washy weak signal and it turns on you.

In order to trade profitably all the time you need 2 methods... One in a trending market (Sidus), and one in a ranging market.
The method I see that works best for a ranging market is the 5/12 EMA cross with the RSI set at 21 with a 50 level cross!

If you study the charts on the 30 min you will see that either the RSI or the 5/12 cross will precursor the upcoming move, meaning: The 5/12 cross may happen first in which you will wait for confirmation of the RSI cross, or the RSI will cross the 50 and you wait for confirmation of the 5/12 ema cross. Either way it is good for atleast 20 to 30 pips. You also want to use pivots, fibs and trendlines. You can then use it in combonation with the Sidus method. So you take the 30 min trade and it starts to take off. You then look at the 1Hr Sidus chart and if it gives a signal guess what? You just got in super early for a huge profit! If not you continue to take your 20 - 30 pips in the ranging market.

So set up the charts, do some research and tell me what you think...

LOOKS GOOD TO ME!


Bagovino

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Quoting carmel

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Azhotpipper,

How did you handle the false long signal before going short?

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Quoting carmel

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On the original Sidus Method chart wasn't there a false signal long with the cross of the 5 and 12 before they turned and headed down?

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Quoting carmel

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"Yes" to all of the above. Look back a couple of posts to the "Sidus Original" chart attached on post #266 to see what I mean. Thanks.

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Quoting bagovino

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Hi Guys,

I just wanted to point out an observation I've made while studying this method over the past couple of weeks....

When the market is trending, there is no doubt that the Sidus method will be very profitable. However, on a week such as this past one where the market was in a range and not really trending one way or another this method is inaffective. You either stay out of the trades because there is no clear signal or you want to trade so bad that you take a trade on a wishy washy weak signal and it turns on you.

In order to trade profitably all the time you need 2 methods... One in a trending market (Sidus), and one in a ranging market.
The method I see that works best for a ranging market is the 5/12 EMA cross with the RSI set at 21 with a 50 level cross!

If you study the charts on the 30 min you will see that either the RSI or the 5/12 cross will precursor the upcoming move, meaning: The 5/12 cross may happen first in which you will wait for confirmation of the RSI cross, or the RSI will cross the 50 and you wait for confirmation of the 5/12 ema cross. Either way it is good for atleast 20 to 30 pips. You also want to use pivots, fibs and trendlines. You can then use it in combonation with the Sidus method. So you take the 30 min trade and it starts to take off. You then look at the 1Hr Sidus chart and if it gives a signal guess what? You just got in super early for a huge profit! If not you continue to take your 20 - 30 pips in the ranging market.

So set up the charts, do some research and tell me what you think...

LOOKS GOOD TO ME!


Bagovino

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Quoting azhotpipper

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after reading earlier posts (I think from you) that is what I have been doing. Right now I am in the dollar yen, exited my first 2 lots for about 30 pips each, and am in the last one for 55-60 pips of gain right now... Works like a charm.
Thanks for your input. It has really helped. Oh, and I'll repeat, if anyone wants to send me an IM that uses the sidus method you can. [email protected] on MSN.

Attaching pictures of my charts. Also if you notice there was an earlier entry signal that I missed, and if I would have got in there I might still be in per the original sidus method on the 1 hr chart.

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Quoting bagovino

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Hi Guys,

Thanks for the positive input and the confirmation of my addition to the Sidus Method... Look how awesome it worked today on the EURO/USD... We were ranging, we got the 30 min signal and it lead to the 1HR signal and we are in about 100 pips profit!!!
Lets all try to combine and test this method... I think it is the closest thing to the holy grail yet!!!


Bagovino

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Quoting bagovino

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Well lets all pitch in, get on the same page, and make this happen!!!

All tips are welcome!!!!!!



Bagovino
(Looking to make us all millionaires!!!!!)

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Quoting hilarytaylor

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Being new to the Fx market, I will like to thank Sidius for sharing such a wonderful method of trading. Also to everyone for such positive contribution.

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